Build sustainable relationships and well-being
Paris - Goujon
Paris - Stream Building
Le Meridien - Nice
Suedstern - Berlin
9M 2022 ACTIVITY:
RECORD LFL GROWTH
OCTOBER 20TH 2022
SUMMARY
2. STRONG LETTING ACTIVITY FOR COVIVIO | 10 |
3. 9M 2022 REVENUES | 17 |
Paris - Stream Building
REAL ESTATE… STRONG LETTI… Q3 2022 REVE…
TAKE-UP CONTINUES TO GROW IN OFFICE MARKETS
THE TREND REMAINS POSITIVE IN ALL OUR MARKETS…
TAKE-UP EXPECTATION TO EXCEED 10-YEAR AVERAGE
(in million m²) | 10-year average | 2.1 / 2.3 |
GREATER | 2.2 | |
PARIS
TOP 6 | 3.2 | 3.4 |
GERMAN | ||
CITIES
0.45 | ||||||||||
MILAN | 0.3 | |||||||||
12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22e |
1Top 6 German cities: Berlin, Munich, Hamburg, Frankfurt, Düsseldorf and Cologne.
GREATER PARIS
1.5M m²
+20% vs 9M 2021
TOP 6 GERMAN CITIES
2.4M m²
+22% vs 9M 2021
MILAN
0.4M m²
+50% vs 9M 2021
Sources: BNPP, Immostat, Savills, DILS
4 | 9M 2022 ACTIVITY - OCTOBER 20TH 2022 |
REAL ESTATE… STRONG LETTI… Q3 2022 REVE…
HIGHER POLARISATION
… SUPPORTING CENTRALITY
OFFICE TAKE-UP STILL FOCUSED ON CENTRAL AREAS
9M Take-Up breakdown - Greater Paris
(%)
Outer Rim | 9% |
Inner Rim | 12% | |||||||
Western | ||||||||
Crescent | 30% | |||||||
/ La Défense | ||||||||
Paris | 49%49% | Vs. 40% | ||||||
5-year average | ||||||||
0% | 10% | 20% | 30% | 40% | 50% | 60% |
5
LEADING TO INCREASING POLARISATION
Changes in available supply - Greater Paris
(%)
-11% | +3% | +8% | |
QoQ | QoQ | QoQ | |
PARIS CBD | OUTER RIM | INNER RIM | |
(-33% YoY) | (+7% YoY) | (+30% YoY) | |
-12% | Flat | ||
QoQ | QoQ | ||
REST OF PARIS | WESTERN CRESCENT / | ||
(-10% YoY) | LA DEFENSE | ||
(-1.4% YoY) | |||
Sources: Immostat
9M 2022 ACTIVITY - OCTOBER 20TH 2022
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Covivio SA published this content on 20 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 October 2022 16:59:03 UTC.